Johnson & Johnson (JNJ) Holder Narwhal Capital Management Trimmed Its Stake; Fruth Investment Management Lowered Holding in Micron Technologies (MU) as Stock Value Rose

May 22, 2018 - By Darrin Black

Micron Technology, Inc. (NASDAQ:MU) Logo

Narwhal Capital Management decreased its stake in Johnson & Johnson (JNJ) by 6.41% based on its latest 2017Q4 regulatory filing with the SEC. Narwhal Capital Management sold 2,726 shares as the company’s stock declined 9.21% with the market. The hedge fund held 39,831 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $5.57 million, down from 42,557 at the end of the previous reported quarter. Narwhal Capital Management who had been investing in Johnson & Johnson for a number of months, seems to be less bullish one the $330.36 billion market cap company. The stock decreased 0.44% or $0.55 during the last trading session, reaching $123.17. About 3.64M shares traded. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since May 22, 2017 and is uptrending. It has underperformed by 10.43% the S&P500.

Fruth Investment Management decreased its stake in Micron Technologies (MU) by 34.76% based on its latest 2017Q4 regulatory filing with the SEC. Fruth Investment Management sold 8,300 shares as the company’s stock rose 18.77% while stock markets declined. The institutional investor held 15,576 shares of the technology company at the end of 2017Q4, valued at $640,000, down from 23,876 at the end of the previous reported quarter. Fruth Investment Management who had been investing in Micron Technologies for a number of months, seems to be less bullish one the $69.56B market cap company. The stock increased 8.10% or $4.495 during the last trading session, reaching $59.975. About 92.88M shares traded or 68.40% up from the average. Micron Technology, Inc. (NASDAQ:MU) has risen 82.20% since May 22, 2017 and is uptrending. It has outperformed by 70.65% the S&P500.

More notable recent Johnson & Johnson (NYSE:JNJ) news were published by: Fool.com which released: “Better Buy: Johnson & Johnson (JNJ) vs. AbbVie (ABBV)” on May 02, 2018, also Seekingalpha.com with their article: “Johnson & Johnson (JNJ) Presents at UBS Health Care Brokers Conference (Transcript)” published on May 21, 2018, 247Wallst.com published: “Johnson & Johnson Commits to Yet Another Dividend Hike” on April 26, 2018. More interesting news about Johnson & Johnson (NYSE:JNJ) were released by: Seekingalpha.com and their article: “Johnson & Johnson (JNJ) Consumer and Medical Devices Business Review – Brokers Conference Transcript” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Congo begins Ebola vaccinations” with publication date: May 21, 2018.

Investors sentiment increased to 0.87 in 2017 Q4. Its up 0.04, from 0.83 in 2017Q3. It improved, as 35 investors sold JNJ shares while 884 reduced holdings. 143 funds opened positions while 654 raised stakes. 1.72 billion shares or 0.40% more from 1.71 billion shares in 2017Q3 were reported. Corda Investment Limited Liability, Texas-based fund reported 201,712 shares. Schwartz Invest Counsel Inc has 0.04% invested in Johnson & Johnson (NYSE:JNJ) for 5,400 shares. Peak6 Invests Limited Partnership reported 4,444 shares. A D Beadell Invest Counsel Incorporated invested in 3.98% or 34,723 shares. Snow Capital LP reported 3,215 shares. Adage Ptnrs Gp Lc holds 1.18% of its portfolio in Johnson & Johnson (NYSE:JNJ) for 3.74M shares. Mastrapasqua Asset reported 6,155 shares. 18,097 are held by Vision Capital. Moreover, Artisan Prtn LP has 0.62% invested in Johnson & Johnson (NYSE:JNJ). Alley holds 0.1% or 2,186 shares. 47,267 are owned by Addison Capital. X Management Limited Liability Corporation reported 0.01% stake. Commonwealth Of Pennsylvania Pub School Empls Retrmt invested 0.46% in Johnson & Johnson (NYSE:JNJ). Novare Mngmt Limited Com stated it has 84,280 shares. Mcgowan Gru Asset Incorporated holds 0.08% or 3,508 shares in its portfolio.

Analysts await Johnson & Johnson (NYSE:JNJ) to report earnings on July, 17. They expect $2.05 EPS, up 12.02% or $0.22 from last year’s $1.83 per share. JNJ’s profit will be $5.50B for 15.02 P/E if the $2.05 EPS becomes a reality. After $2.06 actual EPS reported by Johnson & Johnson for the previous quarter, Wall Street now forecasts -0.49% negative EPS growth.

Since February 15, 2018, it had 0 insider purchases, and 1 sale for $20.17 million activity.

Narwhal Capital Management, which manages about $490.63 million and $435.07M US Long portfolio, upped its stake in Pepsico Inc (NYSE:PEP) by 7,615 shares to 41,965 shares, valued at $5.03M in 2017Q4, according to the filing. It also increased its holding in Starbucks Corp (NASDAQ:SBUX) by 15,079 shares in the quarter, for a total of 37,674 shares, and has risen its stake in Comcast Corp New (NASDAQ:CMCSA).

Among 23 analysts covering Johnson & Johnson (NYSE:JNJ), 11 have Buy rating, 5 Sell and 7 Hold. Therefore 48% are positive. Johnson & Johnson had 101 analyst reports since August 7, 2015 according to SRatingsIntel. Barclays Capital maintained Johnson & Johnson (NYSE:JNJ) rating on Wednesday, October 18. Barclays Capital has “Equal-Weight” rating and $148 target. The firm has “Sell” rating given on Friday, July 21 by BTIG Research. The firm has “Buy” rating given on Thursday, May 17 by Leerink Swann. The firm has “Hold” rating given on Friday, July 14 by Jefferies. BMO Capital Markets maintained the shares of JNJ in report on Thursday, October 5 with “Buy” rating. Jefferies upgraded the shares of JNJ in report on Wednesday, October 11 to “Buy” rating. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, August 31 report. The stock of Johnson & Johnson (NYSE:JNJ) has “Buy” rating given on Tuesday, October 17 by BMO Capital Markets. On Monday, August 31 the stock rating was downgraded by Vetr to “Strong-Buy”. The rating was maintained by Jefferies on Thursday, August 4 with “Hold”.

Since January 2, 2018, it had 0 insider purchases, and 13 sales for $7.65 million activity. Another trade for 28,089 shares valued at $1.36M was made by Thorsen Steven L. JR on Tuesday, May 8. 1,222 shares valued at $53,487 were sold by ARNZEN APRIL S on Thursday, February 15. BAILEY ROBERT L sold 3,000 shares worth $128,197. The insider Mondry Lawrence N sold 50,000 shares worth $2.17M. $768,439 worth of stock was sold by Deboer Scott J on Monday, March 26. On Monday, April 2 the insider JOHNSON MERCEDES sold $1.26M.

Analysts await Micron Technology, Inc. (NASDAQ:MU) to report earnings on July, 5. They expect $2.81 earnings per share, up 100.71% or $1.41 from last year’s $1.4 per share. MU’s profit will be $3.26B for 5.34 P/E if the $2.81 EPS becomes a reality. After $2.80 actual earnings per share reported by Micron Technology, Inc. for the previous quarter, Wall Street now forecasts 0.36% EPS growth.

More notable recent Micron Technology, Inc. (NASDAQ:MU) news were published by: Fool.com which released: “Better Buy: Micron Technology Inc. (MU) vs. Intel (INTC)” on May 19, 2018, also Streetinsider.com with their article: “After-Hours Stock Movers 05/21: (NBRV) (MU) (ADBE) Higher; (LBY) (ARDX) (PSTG) Lower (more…)” published on May 21, 2018, Schaeffersresearch.com published: “Chipmaker Showered With Price-Target Hikes on $10 Billion Share Buyback” on May 22, 2018. More interesting news about Micron Technology, Inc. (NASDAQ:MU) were released by: Seekingalpha.com and their article: “Where Does Micron Technology Go From Here?” published on May 15, 2018 as well as Seekingalpha.com‘s news article titled: “Don’t Sell Micron Technology Because Of Trade War” with publication date: May 21, 2018.

Among 43 analysts covering Micron Technology Inc. (NASDAQ:MU), 35 have Buy rating, 1 Sell and 7 Hold. Therefore 81% are positive. Micron Technology Inc. had 242 analyst reports since July 29, 2015 according to SRatingsIntel. As per Monday, March 21, the company rating was maintained by Deutsche Bank. On Tuesday, August 11 the stock rating was maintained by Piper Jaffray with “Overweight”. The stock of Micron Technology, Inc. (NASDAQ:MU) earned “Hold” rating by KeyBanc Capital Markets on Monday, September 11. The rating was maintained by Credit Suisse on Friday, October 2 with “Outperform”. The firm has “Buy” rating given on Monday, February 5 by KeyBanc Capital Markets. The firm earned “Buy” rating on Wednesday, September 27 by Cowen & Co. The firm earned “Buy” rating on Wednesday, September 27 by Robert W. Baird. Wedbush downgraded Micron Technology, Inc. (NASDAQ:MU) rating on Monday, August 17. Wedbush has “Neutral” rating and $19 target. As per Tuesday, February 16, the company rating was upgraded by Mizuho. Robert W. Baird maintained Micron Technology, Inc. (NASDAQ:MU) on Wednesday, October 5 with “Outperform” rating.

Investors sentiment decreased to 1.24 in Q4 2017. Its down 0.13, from 1.37 in 2017Q3. It dropped, as 49 investors sold MU shares while 245 reduced holdings. 126 funds opened positions while 239 raised stakes. 883.15 million shares or 0.40% less from 886.67 million shares in 2017Q3 were reported. Nelson Van Denburg And Campbell Wealth Grp Inc Limited Liability holds 3,498 shares or 0.03% of its portfolio. Central Asset Invs And Mgmt Holding (Hk) Ltd stated it has 21.89% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Financial Services stated it has 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). Nomura Hldg reported 0.03% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). 20,216 are owned by Pinebridge Invests Limited Partnership. Messner & Smith Theme Value Ca, a California-based fund reported 34,176 shares. Braun Stacey Assocs, a New York-based fund reported 397,045 shares. Natl Asset Mgmt has invested 0.11% of its portfolio in Micron Technology, Inc. (NASDAQ:MU). North Carolina-based First Personal Financial has invested 0.06% in Micron Technology, Inc. (NASDAQ:MU). Thompson Siegel And Walmsley Lc accumulated 63,480 shares. 93,335 are held by Vident Advisory Limited Liability. Ibm Retirement Fund has invested 0.21% in Micron Technology, Inc. (NASDAQ:MU). United Service Automobile Association holds 0.14% or 1.24M shares in its portfolio. Baystate Wealth Management Lc holds 0% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 491 shares. Quantitative Systematic Strategies Ltd Liability Co holds 0.13% of its portfolio in Micron Technology, Inc. (NASDAQ:MU) for 12,320 shares.

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